Art found at Long Island home valued at $30 million

Thousands of paintings, drawings and journals found in the garage and attic of a Bellport, NY, home are by abstract impressionist Arthur Pinajin.

BELLPORT, N.Y. — Works by an obscure Armenian-American abstract impressionist discovered in a New York cottage have been appraised at $30 million.

The cottage's new owner found thousands of paintings, drawings and journals by Arthur Pinajian in a garage and attic in 2007. News 12 Long Island says Peter Hastings Falk, who once appraised art from the Andy Warhol estate, valued the works. Some pieces already have sold for $500,000.

A recently published book by art historian William Innes Homer calls Pinajian's abstractions among the best of his era.

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